This Is the partner article to “Earn Cashback on a Bet Which is Already Sure to Win Serious Cash – The Icing on the Cake!” which discussed using cashback sites to have an extra cash boost to your winnings through the bookies. In this follow up article we shall glance at the way of guaranteeing that you make risk free cash using online bookies free bet offers.
The typical deal is that you sign up with an online bookie and deposit some cash with them. Following this you set a bet with them (usually for odds over 2.), once this can be settled you claim your free bet.
Just after the above procedure would not guarantee you free cash. There exists another element that really must be included. This is based around betting exchanges. In case you are new to betting exchanges they may be a fairly recent accessory for BK8 that have become quite popular. Briefly, this involves patching two bettors together who have a desire for betting on one results of a function. An example could be for starters soccer team to conquer another.
If there were two bettors, Peter and Paul, who wanted to place a bet on a certain soccer team A beating another soccer team B then this betting exchange could patch them together. If Peter wanted to bet on team A beating team B but Paul desired to bet against team A beating team B then whoever bet on the correct outcome would receive money from the other. Peter will be using the traditional role in betting for team A to win, similar to betting from the bookie. On the contrary Paul would be betting against team A winning, ultimately utilizing the bookie’s role.
Utilizing the position of betting against a function happening, including team A winning in the earlier example, is referred to as laying. This is exactly what will permit us to guarantee that people win on each free bet that we receive from an internet bookie – and there are many to benefit from. For each and every event we will want to place two bets, a regular bet with the bookie that is supplying the free bet along with a lay bet with a betting exchange. I provides you with an example to explain this technique.
Now, believe that Paul recently found out about matched betting and wants to give it a try. First he finds a bookie who is offering a free bet. He then reads the conditions and terms of the free bet offer (very important – always browse the T&Cs). He discovers that to have the free bet he must first place a bet together with his own money for £25 he then will receive a totally free bet the exact same value after the qualifying bet has settled.
He finds, for example, a football match where the bookie offers chances of 3. for team A to win the match and also the betting exchange is providing 3.1 for team A never to win (i.e. for team A to shed or draw). He then places £25 on this bet in the bookies and lays £24.59 in the betting exchange. This may sound like a strange figure to lay however, if you work it all out it is going to akrhrn precisely the same return on whatever outcome happens in the match. That is a lack of £1.64 regardless of what happens.
This seems like a poor start. Paul has just lost money and I said it was a guaranteed method to win risk free! BUT, now we now have qualified for your free bet. So Paul’s next bet may have a far better outcome. This time he bets on player B to beat player A at chances of 5. at the bookie and manages to get the same odds with all the betting exchange. He uses his free £25 bet to put the bet in the bookies. He then works out he has to lay £20.20 at the betting exchange in order that regardless of what the outcome he will win exactly the same amount.
This time the match finishes and that he has won £19.19. When we take away the £1.64 that Paul lost in qualifying for the free bet we are left having a risk free profit of £17.55. Paul was quite satisfied with the £17.55 he had just won – especially because he had already earned £10 before he even placed the bet! He is a frequent cashback site user and knew that they offered free money for simply clicking on their links to many other sites. He produced a quick hunt for bookies offering cashback at his usual cashback site. He clicked a link to the bookie that was offering the free bet and earned himself an added £10 for 2 minutes work.
So for placing two risk-free bets Paul had managed to earn himself £27.55. A very important thing is the fact that regardless of what the result he knew that he could be certain to win money. Paul felt that it was quite nice to win money this easily and repeated this method again and again.